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Economic Trends in 1920s America Quiz

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Which economic indicator measures the overall health of the stock market?

Dow Jones Industrial Average (DJIA)

Explanation

The DJIA tracks the performance of 30 large companies and reflects the stock market's general direction.

What term is used to describe the widespread fear of communism and radical ideologies in the 1920s United States?

Red Scare

Explanation

The Red Scare was a period of intense anti-communist sentiment, fueled by events like the Russian Revolution.

Which economic policy, focused on reducing government spending and promoting free-market principles, gained prominence in the 1920s?

Laissez-faire

Explanation

Laissez-faire economics advocates minimal government intervention in the economy, allowing market forces to operate freely.

During the 1920s, what major event led to the increased participation of women in the workforce and the adoption of new social norms?

The Nineteenth Amendment

Explanation

The Nineteenth Amendment granted women the right to vote, empowering them politically and socially.

Which economic phenomenon, characterized by a rapid increase in prices, was prevalent in the United States during the 1920s?

Inflation

Explanation

Inflation eroded purchasing power, but moderate inflation can stimulate economic activity by encouraging spending.

During the 1920s, what contributed significantly to the economic prosperity in the United States?

The Roaring Twenties

Explanation

The Roaring Twenties saw rapid economic growth, technological advancements, and cultural shifts.

Which industry faced a decline in the 1920s, leading to economic challenges?

Agriculture

Explanation

Technological advances in farming led to overproduction, decreasing prices and causing financial strain on farmers.

Which famous consumer product became widely available and popularized installment buying during the 1920s?

Automobile

Explanation

The mass production of automobiles, notably by companies like Ford, made cars more affordable and accessible through installment plans.

Who was the President of the United States during most of the 1920s?

Calvin Coolidge

Explanation

Coolidge served as president from 1923 to 1929, overseeing a period of economic growth and relative prosperity.

#10

What was the impact of the Smoot-Hawley Tariff Act of 1930 on international trade during the Great Depression?

It led to a decrease in international trade

Explanation

The act imposed high tariffs on imported goods, triggering retaliatory tariffs from other countries and exacerbating the economic downturn.

#11

Which iconic cultural and economic phenomenon of the 1920s is often associated with a shift towards a more modern and consumer-driven society?

Flapper movement

Explanation

The Flapper movement challenged traditional gender roles, fashion, and social norms, symbolizing a break from the past.

#12

What economic policy, advocating limited government intervention, was prevalent in the 1920s?

Supply-Side Economics

Explanation

Supply-side economics focuses on stimulating economic growth by reducing barriers to production and investment.

#13

Which event in 1929 marked the beginning of the Great Depression in the United States?

Stock Market Crash

Explanation

The crash of the stock market on October 29, 1929, known as Black Tuesday, precipitated the Great Depression.

#14

What economic theory emphasizes the role of consumer spending in driving economic growth?

Keynesian Economics

Explanation

Keynesian economics argues that consumer spending, along with government intervention, is essential for economic stability and growth.

#15

Which organization was established in 1929 to regulate the stock market and protect investors?

Securities and Exchange Commission (SEC)

Explanation

The SEC was created in response to the stock market crash of 1929, with the aim of restoring confidence in the financial markets.

#16

What role did speculation play in contributing to the stock market crash of 1929?

It inflated stock prices, contributing to the crash

Explanation

Speculation drove up stock prices to unsustainable levels, leading to a market bubble that eventually burst.

#17

Which economic term refers to a period of declining economic activity, widespread unemployment, and falling industrial production?

Depression

Explanation

A depression is a severe and prolonged downturn in economic activity, characterized by significant hardships.

Economic Trends in 1920s America Quiz

Which economic indicator measures the overall health of the stock market?

What term is used to describe the widespread fear of communism and radical ideologies in the 1920s United States?

Which economic policy, focused on reducing government spending and promoting free-market principles, gained prominence in the 1920s?

During the 1920s, what major event led to the increased participation of women in the workforce and the adoption of new social norms?

Which economic phenomenon, characterized by a rapid increase in prices, was prevalent in the United States during the 1920s?

During the 1920s, what contributed significantly to the economic prosperity in the United States?

Which industry faced a decline in the 1920s, leading to economic challenges?

Which famous consumer product became widely available and popularized installment buying during the 1920s?

Who was the President of the United States during most of the 1920s?

What was the impact of the Smoot-Hawley Tariff Act of 1930 on international trade during the Great Depression?

Which iconic cultural and economic phenomenon of the 1920s is often associated with a shift towards a more modern and consumer-driven society?

What economic policy, advocating limited government intervention, was prevalent in the 1920s?

Which event in 1929 marked the beginning of the Great Depression in the United States?

What economic theory emphasizes the role of consumer spending in driving economic growth?

Which organization was established in 1929 to regulate the stock market and protect investors?

What role did speculation play in contributing to the stock market crash of 1929?

Which economic term refers to a period of declining economic activity, widespread unemployment, and falling industrial production?

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